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CIP and local partner take FID on South Korea's first commercial offshore wind farm - Recharge

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CIP and local partner take FID on South Korea's first commercial offshore wind farm | Recharge

Copenhagen Infrastructure Partners (CIP) and local conglomerate SK E&S have taken a financial investment decision on the 99MW first phase of their Jeonnam wind project off South Korea, which they say will become the first commercial-scale wind farm at sea to go into operation next year.

SK E&S and CIP are also jointly developing Jeonnam 2 and 3, with a combined capacity of 800MW.

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Related Knowledge Center: ENERGY BASICS: wind

State of Play

Decades of government support for the development of wind energy has resulted in lower costs and a rapidly growing share of electricity generated by wind turbines. Wind in 2019 accounted for 7.3 percent of electrical generation, surpassing for the first time hydropower at 7.0 percent. 

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